The recent increase in interest rates announced by the Bank of England leaves us with no more clarity about the direction of monetary policy than we had before the micro-adjustment.
Indeed, the increase raises rather more questions than it resolves. Ostensibly, the 0.25% move simply reverses the rather ill-judged post referendum cut. However, we have no clear understanding...
Down 0.3% against the US dollar
Spent eight years at the firm
24-hour ping-pong with Legg Mason
May backs down on mutual regulatory recognition
Investing in commodity futures and stocks